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People’s Budgets: A Brief History

In 1909, Lloyd George, England’s Chancellor of the Exchequer (Minister in charge of the Treasury aka the dude in charge of the money), and a young Winston Churchill proposed a series of unprecedented taxes on the lands and incomes of the wealthy to fund social programs for the poor. A Churchill biographer called it revolutionary for being the first budget in British history with the expressed intent of redistributing wealth equally across all classes in England.


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